Nonprofit · EIN 73-1419279
NEW HOPE HOUSING INC
Tax-exempt · HOUSTON, TX 77003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $15,499,652 | $5,174,938 | $10,324,714 | $97,656,463 | $18,464,631 | $79,191,832 |
| December 31, 2023 | 990 | $19,111,342 | $4,925,781 | $14,185,561 | $81,752,697 | $12,733,190 | $69,019,507 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $12,870,786
- of which government grants
- $684,126
- Program service revenue
- $1,211,518
- Investment income
- $1,417,348
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $23,247
- Compensation of officers, directors and key employees
- $1,037,467
- Other salaries and wages
- $1,194,406
- Salaries, compensation and benefits (total)
- $2,653,859
- Professional fundraising fees
- $0
- Legal fees
- $40,344
- Accounting fees
- $91,072
- Occupancy
- $535,598
- Travel
- $2,845
- Depreciation
- $10,382
- Program services (functional)
- $2,216,628
- Management and general (functional)
- $1,688,336
- Fundraising (functional)
- $1,269,974
Balance sheet and other
- Total assets, start of year
- $81,752,697
- Total assets, end of year
- $97,656,463
- Total liabilities, end of year
- $18,464,631
- Net assets, end of year
- $79,191,832
- Land, buildings and equipment
- $1,742,498
- Publicly traded securities
- $805
- Net assets without donor restrictions
- $66,334,837
- Net assets with donor restrictions
- $12,856,995
- Gross receipts
- $16,336,315
- Employees
- 231
- Volunteers
- 160
- Year formed
- 1993
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Joy Horak-Brown | President & CEO Officer | 25 | $190,800 | $190,800 | $924 |
| Tamara Foster | EVP Onsite Ops/Strategic Partnership Officer | 40 | $227,700 | $0 | $22,041 |
| Ron Lastimosa | VP Real Estate Development Key employee | 0 | $0 | $210,000 | $24,541 |
| Katie Lamb | VP, People & Culture Key employee | 40 | $188,250 | $0 | $22,830 |
| Diana Gross | VP, Philanthrophy & Communications Key employee | 46 | $188,250 | $0 | $22,041 |
| Ash Hussain | Director of Finance Highest-paid employee | 40 | $148,000 | $0 | $15,641 |
| Stacey Lastovica | VP Property Management Highest-paid employee | 40 | $138,000 | $0 | $22,641 |
| Katherine Anchondo | Real Estate Development Manager Highest-paid employee | 0 | $0 | $117,252 | $26,981 |
| Rhonda Bonfield | Dir. of Foundations and Corp Rel. Highest-paid employee | 46 | $119,600 | $0 | $10,482 |
| John Peavy | CFO (from July) Officer | 40 | $128,679 | $0 | $234 |
| Aziz Ouedraogo | Senior Manager Finance Highest-paid employee | 40 | $105,000 | $0 | $13,483 |
| Calvin Tang | CFO (to March) Officer | 40 | $43,333 | $0 | $2,385 |
| Ricardo Rivas | Chairman Trustee or director, Officer | 9 | $0 | $0 | $0 |
| Andrea M Link | Vice Chair Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Kevin Fulton | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Janice E Walker | Treasurer Trustee or director, Officer | 2 | $0 |
| Sanford W Criner Jr | Chairman Emeritus Trustee or director | 1 | $0 |
| Michael M Fowler | Chairman Emeritus Trustee or director | 1 | $0 |
| Kenneth J Valach | Chairman Emeritus Trustee or director | 1 | $0 |
| James F Craig III | Director Trustee or director | 1 | $0 |
| Philip A Croker | Director Trustee or director | 1 | $0 |
| Bolivar M Fraga | Director Trustee or director | 1 | $0 |
| Joseph S Hagan | Director Trustee or director | 1 | $0 |
| Laura R Jaramillo | Director Trustee or director | 1 | $0 |
| Melissa M Noriega | Director Trustee or director | 1 | $0 |
| Carleton Riser | Director Trustee or director | 1 | $0 |
| Vanessa R Schick | Director Trustee or director | 1 | $0 |
| Frank C Steininger | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Joy Horak-Brown | President & CEO Officer | 25 | $219,645 | $146,430 | $903 |
| Tamara Foster | EVP Onsite Ops/Strategic Partnerships Officer | 40 | $230,000 | $0 | $16,598 |
| Calvin Tang | CFO Officer | 40 | $210,000 | $0 | $15,669 |
| Ron Lastimosa | VP Real Estate Development Key employee | 0 | $0 | $200,000 | $12,731 |
| Katie Lamb | VP Human Resources Key employee | 40 | $165,000 | $0 | $14,448 |
| Diana Gross | VP Fund Development Key employee | 46 | $163,500 | $0 | $15,891 |
| Ash Hussain | Director of Finance Highest-paid employee | 40 | $137,500 | $0 | $13,599 |
| Katherine Anchondo | Real Estate Development Manager Highest-paid employee | 0 | $122,103 | $0 | $12,036 |
| Stacey Lastovica | VP Property Management Highest-paid employee | 40 | $114,860 | $0 | $13,126 |
| Rhonda Bonfield | Dir. of Foundations and Corp Relations Highest-paid employee | 46 | $111,470 | $0 | $12,991 |
| Kenneth J Valach | Chairman Trustee or director, Officer | 9 | $0 | $0 | $0 |
| Sanford W Criner Jr | Vice Chair Trustee or director, Officer | 3 | $0 | $0 | $0 |
| Michael M Fowler | Chair Emeritus Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Ricardo Rivas | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Janice E Walker | Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| James F Craig III | Director Trustee or director | 1 | $0 | $0 | $0 |
| Philip A Croker | Director Trustee or director | 1 | $0 | $0 | $0 |
| Joseph S Hagan | Director Trustee or director | 1 | $0 | $0 | $0 |
| Jeffrey P Hebert | Director Trustee or director | 1 | $0 | $0 | $0 |
| Laura R Jaramillo | Director Trustee or director | 1 | $0 | $0 | $0 |
| Andrea M Link | Director Trustee or director | 1 | $0 | $0 | $0 |
| Melissa M Noriega | Director Trustee or director | 1 | $0 | $0 | $0 |
| Carlton Riser | Director Trustee or director | 1 | $0 | $0 | $0 |
| Vanessa R Schick | Director Trustee or director | 1 | $0 | $0 | $0 |
| Frank C Steininger | Director Trustee or director | 1 | $0 | $0 | $0 |
| Garrett W Thompson | Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3315 HARRISBURG BLVD APT 400, HOUSTON, TX 77003-2466
- In care of
- % NEWH
- Principal officer (990 for 2024)
- Joy Horak-Brown, 3315 Harrisburg Blvd 400, Houston, TX 77003
- Signed the 990
- John Peavy, Chief Financial Officer
- Phone
- (713) 222-0290
- Website
- www.newhopehousing.com
- Return prepared by
- Blazek & Vetterling
Mission
See Schedule O
Program accomplishments
- See Schedule OExpenses $702,332
- See Schedule OExpenses $1,168,893 · grants $23,247
- See Schedule OExpenses $24,450 · revenue $65,867
- NHH at Congress - 57 units This property is owned and operated by Houston Area Community Development Corporation (HACDC). In 2002, HACDC became an affiliate of New Hope Housing, when the original board of directors passed governance to NHHI. The building is a moderate rehabilitation and modification of the Powell Hotel, which was established in 1925. The original renovation of the Congress property was completed in 1997 and received the Greater Houston Preservation Alliance Good Brick Award. At the end of October 2007, this property was temporarily closed for an intensive renovation and reopened in October 2010 to house the chronic homeless with disabilities. The original rehabilitation of the property performed before NHHI assumed governance was undercapitalized, and the contractor declared bankruptcy shortly after the original renovation was completed. Thus, the structure required substantial renovation and structural upgrades.
- NHH at Brays Crossing - 149 units The City of Houston approached New Hope to develop Brays Crossing what was once the dilapidated HouTex Inn. In late 2007, FDI-Houston SRO, Ltd. purchased the property located at 6311 Gulf Freeway, I-45 at the Griggs Road exit. NHH at Brays Crossing, LLC is the general partner of FDIHouston SRO, Ltd. New Hope Housing, Inc. is the developer of the Brays Crossing project that now offers efficiency apartment housing for individuals with low incomes. It also serves as a foundation for a large public art display that is integral to the building design. This site was financed with a combination of Housing Tax Credits, allocated by the Texas Department of Housing and Community Affairs, and funds from the City of Houston, as well as private charitable contributors, including the Houston Endowment Inc., The Meadows Foundation, and the United Way of Greater Houston. The property opened in February 2010. Brays Crossing has received numerous awards including: 2017 Preservation Houston Future Landmark Award; 2011 ULI Award for Excellence - North and South America; 2011 ULI-Houston Development of Distinction Award; two national Builder's Choice Design & Planning Awards issued by the National Association of Homebuilders; two Houston Business Journal Landmark Awards; and, a Texas Architect Design Award.
- NHH at Sakowitz - 166 units Sakowitz is the first LEED certified affordable housing in the State of Texas, and it is also Houston's first 'green' multifamily housing development. Situated in Greater Fifth Ward/Denver Harbor, the Sakowitz development opened in October 2010. This property is owned and operated by Houston Area Community Development Corporation (HACDC). This site was financed with a combination of Housing Tax Credits, allocated by the Texas Department of Housing and Community Affairs, and funds from the City of Houston, as well as private charitable contributors, including the Houston Endowment Inc., The Brown Foundation, The Fondren Foundation and other foundations and corporations. Sakowitz has also received several distinguished awards including: National Association of Housing and Redevelopment Officials (NAHRO) Award of Excellence; USGBC LEED for Homes Outstanding Affordable Developer Award; and, a Houston Business Journal Landmark Award.
- NHH at Perry - 160 units New Hope opened NHH at Perry in late October 2012. Perry is financed through a public/private partnership that leverages tax credit investments with funds from the City of Houston as well as private charitable donors, including the Federal Home Loan Bank of Chicago, JPMorgan Chase Foundation, and other foundations and corporations.The Perry project is a 160-unit SRO apartment complex located south of the University of Houston on Perry Street between Foster and Eastwood Streets. This property is New Hope's second LEED platinum certified, energy efficient building. Perry has received several important honors, including: Housing the Homeless Commendation issued by International Making Cities Livable; New DevelopmentAffordable Tax Credit Award presented by the Houston Apartment Association; and, a Keep Houston Beautiful Mayor's Proud Partner Award.
- NHH at Rittenhouse - 160 units New Hope opened its seventh SRO - Rittenhouse, in December 2013. Rittenhouse is financed through a public/private partnership that leverages tax credit investments with funds from the City of Houston as well as private charitable donors. Rittenhouse is a 160-unit SRO apartment complex located in north Houston off I-45 North at the corner of Stuebner Airline and Rittenhouse Road. It is New Hope's third LEED platinum development. The Rittenhouse development features a grove of mature oaks trees, beautiful gardens and native 'prairie' areas, creating a unique park-like experience. It also includes art installations. The creation of a sense of place through art, architecture and nature is an integral part of New Hope's award-winning approach to affordable housing. As evidence of its impact on the community, Rittenhouse has been honored with several awards and accolades, including: the 2015 ULI-Houston Development of Distinction; Houston Business Journal Landmark Award in Community Impact; Novogradac Journal of Tax Credits Development of Distinction Award; and, the 2014 J. Howard Rambin III Founder's Award by Keep Houston Beautiful.
- NHH at Reed - 187 units With the opening of Rittenhouse, New Hope celebrated reaching its near-term goal of developing and managing almost 1,000 units of SRO housing. There is a compelling need for Housing + Services for a number of very low- to moderate-income populations in Houston, and New Hope is now positioned to address a variety of supportive housing needs. The Board of Directors made a strategic decision to respond to this need, and to expand New Hope's reach to reduce the footprint of homelessness for Houston families, as well as continuing to serve individuals. New Hope has opened its first affordable, supportive housing for homeless and near homeless families. This innovative community, NHH at Reed, is a 187-unit apartment complex made up of 1-, 2-, and 3- bedroom units. It is located off Highway 288 and Reed Road. With the goal to uplift families from generational poverty, the organization provides robust onsite social services that focus on addressing food insecurities, education, health, and employment. Designed by GSMA, Inc. and constructed by Camden Builders, this development is LEED Gold certified. A grand opening ceremony took place in September 2018. The Reed development has received numerous accolades and media mentions since its opening. That includes being honored, together with its neighboring partner Star of Hope, with the 2020 ULI-Houston Development of Distinction award. The City of Houston committed $10.1MM in local Homeless Bond Program funds, which have been leveraged with other public/private investments.
- NHH at Harrisburg - 175 units New Hope opened its first mixed-use development, NHH at Harrisburg. This transit-oriented community is a 175-unit SRO serving individuals living on extremely low incomes. The nonprofit organization celebrated a grand opening in April 2018. Located on the light rail in Houston's East End, Harrisburg also includes 4,000 SF of retail space and 7,500 SF of commercial office space, which is now home to New Hope's corporate office. Underscoring their commitment to mission, New Hope located their headquarters where their residents live. As the organization's fourth LEED platinum certified development, NHH at Harrisburg was designed by Ernesto L. Maldonado, AIA of GSMA, Inc. As evidence of its impact on the community, Harrisburg has already been honored with several awards and accolades, including: the 2019 Houston Business Journal Landmark Award in Community Impact; the Houston Apartment Association Landmark Award in Tax Credits; the National Association of Housing and Redevelopment Officials Award of Excellence; and, the U.S. Green Building Council Leadership Award. The City of Houston committed $6.6MM in HOME funds plus a portion of local Homeless Bond Program funds. To create a true public/private partnership, New Hope leveraged these funds with 4% Housing Tax Credits and Bonds, allocated by the Texas Department of Housing and Community Affairs, in addition to grants and contributions from private sources. Under the terms of an agreement for the sale of New Hope's original 129-unit Hamilton Street Residence, Hamilton closed when Harrisburg opened. Hamilton residents were given the opportunity to move to the new 175-unit Harrisburg property or to another New Hope property of their choice, based on availability and eligibility.
- NHH Dale Carnegie - 170 units New Hope celebrated the opening of its ninth SRO development, NHH Dale Carnegie, in October 2020. NHH Dale Carnegie was the first affordable housing development to break ground in Houston after Hurricane Harvey. The timing of its opening was fortuitous as people recover from COVID-19 and natural disasters. Located in the Sharpstown area of southwest Houston, this project is a 170-unit SRO serving individuals on extremely low incomes. Many of the residents are people who have experienced homelessness. Ernesto L. Maldonado, AIA of GSMA, Inc. designed this LEED Gold certified property. The City of Houston committed $8.5MM in HOME plus a portion of local Homeless Bond Program funds. To create a true public/private partnership, New Hope leveraged these funds with 9% Housing Tax Credits, allocated by the Texas Department of Housing, and Community Affairs, in addition to grants and contributions from private sources.
- NHH Avenue J - 100 units In 2022, New Hope opened its second property for families. Located in Houston's vibrant, culturally rich East End, NHH Avenue J offers 100 units of 1- and 2-bedroom apartments for working families and those on a fixed income. This multifamily property is our first designed for working families. It is in the historic Second Ward where naturally occurring affordable housing (NOAH) is dwindling, and development of high-end urban homes are becoming prolific. The location is one of Houston's five Complete Communities and a designated Concrete Revitalization Area. It will offer an affordable option in a rapidly gentrifying neighborhood with escalating rental rates. The City of Houston invested $12,485,000 in Community Development Block Grant (CDBG) Disaster Relief funds, which were monies allocated to local municipalities by the U.S. Department of Housing and Community Development. Those funds were leveraged with 4% Housing Tax Credits and Bonds, allocated by the Texas Department of Housing and Community Affairs. Additional grants and contributions from private sources helped to close the funding gap.
- NHH Savoy - 120 units This multifamily property is our second for working families. It is also the second New Hope property in Houston's Southwest Sharpstown neighborhood, just a block from the Dale Carnegie SRO. This high-quality apartment community is thoughtfully designed near health and education institutions in a transit-centric neighborhood near high frequency bus lines. The NHH Savoy property was completed in Q3 2023 and offers 120 apartment homes comprised of 1-, 2- and 3-units and 6,000 square feet of shared community space.The City of Houston invested $13.2MM in Community Development Block Grant (CDBG) Disaster Relief funds. These are monies allocated to local municipalities by the U.S. Department of Housing and Community Development to help Texas rebuild and recover from Hurricane Harvey. Those funds were leveraged with 9% Housing Tax Credits, allocated by the Texas Department of Housing and Community Affairs. Additional grants and contributions from private sources closed the funding gap.
- NHH Berry - 180 unitsNew Hope Housing Berry (NHH Berry) is located in the Northline neighborhood. It opened in 2025 and offers 180 low-income households a resilient and sustainable solution to the increasing affordable housing shortage in the wake of Hurricane Harvey and the pervasive substandard rental housing for families.
- NHH Gray - 135 unitsIn Q2 2021, New Hope received approval from Midtown Redevelopment Authority (MRA) to begin pre-development of New Hope Housing Gray (NHH Gray). This project opened in 2025 and houses 135 low- to moderate-income seniors. It is located in the historic Third Ward on Gray Street as a collaboration between New Hope Housing, MRA, and the Center for Civic and Public Policy Improvement(CCPPI).
- NHH Ennis - 102 unitsNew Hope Housing Ennis (NHH Ennis) opened in 2025 and is New Hope's second affordable community serving seniors and is located in Houston's vibrant East Downtown neighborhood.
- NHH Avenue C - 120 units New Hope Housing Avenue C (NHH Ave C) will be New Hope's third affordable community serving seniors and will be located in the East End.
- Expenses $320,953 · revenue $1,145,651
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 73-1419279
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $97,656,463
- Income (IRS master file)
- $16,336,315
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $15,499,652 | $5,174,938 | $97,656,463 | XML |
| 990 | December 2023 | $19,111,342 | $4,925,781 | $81,752,697 | XML |
| 990 | December 2022 | $4,747,272 | $4,351,867 | $68,543,203 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 73-1419279).
Questions about NEW HOPE HOUSING INC
- What is the EIN of NEW HOPE HOUSING INC?
- The employer identification number (EIN) of NEW HOPE HOUSING INC is 73-1419279.
- Is NEW HOPE HOUSING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to NEW HOPE HOUSING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW HOPE HOUSING INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW HOPE HOUSING INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW HOPE HOUSING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEW HOPE HOUSING INC?
- The 990 for the year ended December 31, 2024 names Joy Horak-Brown.
- Who are the officers and directors of NEW HOPE HOUSING INC?
- The 990 for the year ended December 31, 2024 lists 28 people; 10 received compensation from the organization, the highest $190,800 (Joy Horak-Brown, President & CEO).
- How much revenue does NEW HOPE HOUSING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $15,499,652, expenses of $5,174,938 and total assets of $97,656,463 at year end.
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